Asset Manager, Real Estate Equity – LIHTC Affordable Housing

Enterprise Community Partners; Seattle (WA); On-site; USD 100,000 - 120,000; Full time

Benefits offered by this job

Health benefits

Dental plan

Vision care

401(k) with employer match

Flexible work arrangements

Job summary

Enterprise Community Partners seeks an Asset Manager, Real Estate Equity to oversee a portfolio of restricted affordable housing and workforce housing investments. You will conduct site visits, financial analysis, and coordinate workouts to protect fund returns.

The role partners with General Partners, lenders, and regulators, manages monthly/quarterly reporting, and contributes to ESG and social service initiatives. Travel up to 25% may be required.

Qualifications

• 5-7+ years of real estate, housing programs, finance, accounting, law, and/or property management.
• Bachelor’s degree in real estate, finance, accounting or related field.
• Strong financial analysis skills are required.
• Familiarity with loan documents, partnership agreements, contracts and other legal documents is required.
• Knowledge of real estate and LIHTC are required.
• Strong computer skills; MS Word, MS Excel, and MS Outlook are preferred.
• Ability to travel up to 25% during peak periods is required.
• Strong organizational and interpersonal skills; ability to work independently.

Responsibilities

• Manage real estate portfolio of approximately 15-20 properties for Real Estate Equity funds.
• Identify and mitigate risks via reporting with General Partners/Sponsors, property managers, and site visits.
• Review and evaluate monthly property performance against proforma and budget; provide recommendations.
• Coordinate with General Partners, funders, and regulators to modify business plans as needed.
• Negotiate workout strategies with general partners, lenders, and public-sector entities.
• Conduct site visits; review property management systems and organizational workflows; provide technical assistance.
• Evaluate past and forecast property performance and management performance.
• Prepare disposition memos and refinance analyses with guidance from the VP Asset Management.

Skills

Real estate finance

Asset management

Financial analysis

Communication

Negotiation

Travel flexibility

Education

Bachelor's degree

Tools

MS Word

MS Excel

MS Outlook

Job description

Enterprise Community Partners seeks an Asset Manager, Real Estate Equity to oversee a portfolio of restricted affordable housing and workforce housing investments. You will conduct site visits, financial analysis, and coordinate workouts to protect fund returns.

The role partners with General Partners, lenders, and regulators, manages monthly/quarterly reporting, and contributes to ESG and social service initiatives. Travel up to 25% may be required.